If the last year has taught us anything, it’s that emergency funds are critical. Not only should we be prepared for unexpected expenses such as malfunctioning appliances, car repairs and medical conditions, but we also need to be prepared for possible job losses. Even those who are self-employed should prepare themselves for falling market conditions […]
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What is a Bad Credit Score and Why is it Important?
Do you know what your credit score means? That number can have a bigger impact on your life than you might think. If you’re considering applying for a credit card, buying a car or taking out a mortgage, you might find yourself wondering exactly what is a bad credit score? Let’s take a look at those numbers and […]
How to Get Out of Debt With No Money
Most people want to pay off their debt, but it can become difficult when your paycheck barely covers the bills that you have. If you’re constantly feeling like you’re putting money towards debt that doesn’t seem to be reducing, or if you simply don’t have enough money to put towards existing debt, you need to […]
Money Management Tips for Young Adults
Graduating from college or university, landing that first job and renting an apartment is an exciting chapter in any young adult’s life. Finally standing on your own two feet is a rite of passage, however in today’s economy, the cost of that rite of passage is increasing drastically. Millennials and Generation Z are finding themselves […]
How To Have Summer Fun Without Blowing Your Budget
Summertime can become very expensive for young families who need to keep kids busy and entertained. A trip to the amusement park for a family of four can easily cost hundreds of dollars for just a one-day outing – something that’s just not feasible for many Canadians’ budgets. Luckily, there are still lots of ways to […]
How to Save Money on a Wedding
Your wedding is likely to be one of the most memorable and exciting days of your life, so it’s no wonder you want it to be perfect. Unfortunately, a perfect wedding often comes with a steep price tag. A recent poll conducted for Global News found that Canadians believe the price tag of a wedding should be […]
10 Tips for Seniors on How to Avoid Identity Theft
June is Senior’s Month, an annual initiative marked in New Brunswick, Newfoundland and Labrador, Prince Edward Island, Nunavut and Ontario to recognize and celebrate older adults. This year’s theme is “Stay Safe, Active and Connected”, making it an ideal time to shine a light on identity fraud and its impact on seniors. Fraud is the top […]
How to Save for a Down Payment on a Home
In the Canadian housing market, it’s hard to buy a home without having a substantial down payment. As of 2021, the average price of a home in Atlantic Canada was approximately $292,000. Unfortunately, it can be hard to save upwards of 20 per cent for a down payment when property prices are skyrocketing and you’re juggling […]
How to Teach Your Teenager About Money
The teenage years are crucial for many different factors that could affect long-term well-being, and finances are certainly one of them. Teaching teenagers how to manage money while they are young can provide countless benefits as they venture off into life on their own. There are many different strategies and techniques that you can use to […]
What is a Debt Management Plan?
When you’re in a lot of debt and you visit a non-profit credit counsellor, they may recommend a debt management plan. Simply put, a debt management plan is a plan to repay your debts in full over a period of time. Your credit counsellor will deal with all of your creditors on your behalf and […]
